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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: goldsheet who wrote (2345)	9/25/2001 8:54:32 AM
From: russwinter	Read Replies (1) \| Respond to of 4051

Base metal plays: These are unsustainable economics. Here's an example: Zinc cost curve (note that current prices are 35c/lb): normandy.com.au Go to "Simplifying our Business" under Digger and Dealer's presentation, then to slide 19. Zinc inventory: yesresources.com Copper cost curve (slide 13) and company that might fit my criteria, Antofagasta: incapacific.com Copper stocks (price is currently 64c/lb: yesresources.com Virtually the whole complex (a "little" better in copper)not only can't cover total costs, but right now fails to even clear the cash cost hurdle. Can only mean one thing, most of these companies are going to fail and looking at the balance sheets of a few, I'd say yesterday. This is a once in a generation rogue wave for this industry as well. Devasating! But huge leverage to the ones who can survive (are there any with strong financials?), and that have top quartile cost structures. There will be severe supply shortages in the next cycle. I think you by 'em (the survivors only) between now and the end of the year.

To: goldsheet who wrote (2345)	9/25/2001 9:09:54 AM
From: TheBusDriver	Read Replies (1) \| Respond to of 4051

Hi Bob. Do you follow The Privateer at all? The following is a quote from their "gold bottom this week" page: "All we await now is for a Gold price above the $US 300 level to change the name of this page to the Gold BULL MARKET. The charts show that it is a certainty. The actions of the Fed since September 11 show that it may well be explosive. Stay tuned." The aussie $$ chart on gold is very striking. And clearly shows a breakout. In looking at long term charts the above statement does seem true. However I sense that you remain neutral to bearish due to your vision that supply will be up and thus the price down. I not sure why I posted this except to show that I am completely confused about what is going on and have nothing but respect for anyone who can figure this out. Think I will just stick my head in the toilet and flush it to see if it will clear my head! Wayne